Moving South from Temecula

[recordsclerk]

There are already some nice homes under $150sqft.
Check out this one:
25011 Country Ridge Court, Esco 92026
3788sqft, 1.7 acres, no mello roos, no HOA, 2006 home. for $149sqft.
http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?property_type=SFR&source=SANDICOR&cKey=tw36vb65&page=1&listing_num=080051060&mls=mls_sandiego

[Ren]

[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]

It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.

[Ren]

[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]

It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.

[Ren]

[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]

It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.

[Ren]

[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]

It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.

[Ren]

[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]

It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[snail]

I just love the comment of “close to 15 frwy”. No kidding its right next to it…LOL
But at $99,000 its almost make sense.

[snail]

I just love the comment of “close to 15 frwy”. No kidding its right next to it…LOL
But at $99,000 its almost make sense.

[snail]

I just love the comment of “close to 15 frwy”. No kidding its right next to it…LOL
But at $99,000 its almost make sense.

[snail]

I just love the comment of “close to 15 frwy”. No kidding its right next to it…LOL
But at $99,000 its almost make sense.

[Author]

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